Related Keywords: Agriculture Ministry of India, inflation in India, minimum support price of raw jute, raw jute cultivation, raw jute in Assam, raw jute in Odisha, raw jute mills in India, raw jute production in India, Textile Industry, The Cabinet Committee on Economic Affairs
In order to boost raw jute production, the government has hiked the minimum support price (MSP) of raw jute by 18.5% to Rs 3,200 per quintal for 2016-17. A decision in this regard was taken in the meeting of the Cabinet, chaired by Prime Minister Narendra Modi in New Delhi.
The Cabinet Committee on Economic Affairs approved the Agriculture Ministry's proposal on raising the MSP of raw jute to Rs 3,200 per quintal for 2016-17 from Rs 2,700 per quintal in the previous year.
